Inflation in Laos
Laos - InflationThe economy likely hit the ground running in 2019, driven by strong hydropower exports, recovering agricultural production, and investment and construction activity related to major infrastructure projects—including the flagship Laos-China rail line and several hydroelectric dams. Meanwhile, recently released data showed the current account deficit narrowed notably in Q4 2018. The improvement was partly led by a pick-up in exports, putting the external sector on a more stable footing at the outset of the year. In other news, Lao Railways recently announced the Laos-China railway, a USD 7 billion undertaking equivalent to almost half the country’s GDP, is nearly halfway to completion and is on schedule to begin operations in December 2021.
Laos - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.4||4.1||1.3||1.6||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Laos Inflation Chart
Source: World Bank.
|Exchange Rate||8,608||0.31 %||Apr 22|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.